Taipei restaurant Mr Meat (肉大人) has launched a new soup to take advantage of the high season for hotpot, a business valued at NT$30 billion (US$984.28 million) a year.
The restaurant in Taipei’s Daan District (大安) has introduced a miso broth to its selection of soups that also include sour cabbage broth and spicy red pot in a bid to drive up revenue, restaurant owner Chen Kuan-han (陳冠翰) said.
Chen, who comes from a family of hotpot restaurants owners, has also added Japanese wagyu beef to the menu.
“We insist on using quality meat cuts and fresh ingredients so that we stand out in a competitive market,” Chen said.
COMPETITION
Hotpot restaurants account for 40 percent of franchised restaurants in Taiwan, with the number of outlets increasing from 1,077 in 2012 to 1,834 last year, industry data showed.
Add in independent hotpot restaurants such as Mr Meat and the overall number of outlets could exceed 10,000 nationwide, analysts said.
While winter is peak season, hotpot restaurants are popular all year round, with the bill usually costing NT$100 to NT$1,000 per person.
Mr Meat is targeting the upper end of the market with its elegant decoration and central location, which is within walking distance of Xinyi Anhe MRT Station.
WHAT TO EAT
The restaurant also serves Taiwanese black pork from pigs that are raised on an ecologically friendly farm in Yunlin County, Chen said.
Must-eat dishes include Granny’s minced meat rice, prepared using a recipe provided by Chen’s grandmother.
Diners can opt for hotpot sets that include an appetizer, sauce, soup, meat platter and dessert, Chen said.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film